Renting Mortgaged House when Moving Abroad

heather89

Hello,

I wonder if someone can help me with something.

I own a house currently (with a mortgage) and work full time. I am thinking of embracing life and taking a year or 2 out to travel/work abroad.

I was thinking of renting my house out but wondered what would happen with my mortgage as my fixed rate ends in the next couple of years. I had presumed that I would either just have to leave it and accept a higher rate of interest for a while or would remortgage before I quit my job to get another fix (perhaps a buy to let mortgage). I am worried that I would have quit my job and my mortgage would become invalid because I am unemployed... Could someone please give me a few pointers about what is best to do or whether anyone has experience of this?

Thanks
Heather

amnblog

All you need Heather is your lender' consent to let for a short period.

Whether they will charge you extra depends on the lender.